1 Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28 units for $50 each. nts Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units $20.00 cost 32 units @ $30.00 cost 28 units @ $36.00 cost Required: Monson sells 28 units for $50 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual: Goods purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Inventory Value # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance $ December 7 18 @ 20.00 360.00 $ December 14 32 @ 30.00 960.00 Average cost December 15 $ $ December 21 28 @ = 36.00 1,008.00 Average cost Totals @ @ $ 30.00 = @ $ 0.00 18 @ $ 20.00= $360.00 @ @ $36.00 = 0 $360.00 Prev 1 of 1 Next